 One of the biggest mistakes business owners make when it comes to cash flow is wishful thinking. To better understand cash flow, you must think at a broader perspective. There's a common pain point that I've noticed and that is small business owners don't have a concrete plan prior to funding. So when the funding comes to their bank account, they don't really know where to allocate those funds for optimal returns, thus leading to them spending money in different sectors of the business. They don't really give the business that exponential return that they're looking for. So planning ahead, understanding where those funds will be allocated for optimal returns is a crucial process. There are so many factors when it comes to acquiring a loan that business owners should understand. I break these down into the five Cs. We have capacity, which shows the ability to pay a loan. We have collateral which depicts any personal or business assets that can be pledged as a security for the loan. We have capital, which shows the amount of investment the business owner is willing to invest. We have conditions, which shows the lender, the current trends of your industry. And lastly, we have character, which is a subjective opinion of a business owner general trustworthiness, credibility and overall character. You might have a great plan, but when it comes to actual execution, that's where a lot of people fail as well. In order to continue on the path of financial wellness, we want to be able to have healthy habits. Some concrete example is meeting with your accountant quarterly to get a professional perspective on your business, using billing systems to automate and organize your receivables, updating your business plan quarterly. Very crucial when it comes to obtaining funding. So you want to make sure that every three months you're updating the business plan with the most current numbers and current financials of your business. Stick to your plan all the way through to reap the rewards.